With Pennsylvania Rate Caps Expiring, Bridesburg Foundry Selects EnerNOC Energy Supply...

Tue Nov 3, 2009 8:34am EST
 
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With Pennsylvania Rate Caps Expiring, Bridesburg Foundry Selects EnerNOC Energy
Supply Management and Saves $40,000 in First Six Months

BOSTON, Nov. 3, 2009 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading
provider of clean and intelligent energy solutions, today announced that
Whitehall, PA-based Bridesburg Foundry, one of the largest bronze and aluminum
foundries on the East Coast, has selected EnerNOC's Energy Supply Management
services to secure favorable energy contracts in advance of the expiration of
Pennsylvania rate caps.

Bridesburg began working with EnerNOC in 2008. Prior to that, Bridesburg was
enrolled in a demand response program, but was unhappy with the results.

"[The other provider] didn't deliver what they were promising us," recalled Tom
Druckenmiller, Plant Manager for Bridesburg. "They charged us for monitoring
equipment, and the payments we received were minimal. We were skeptical [about
joining another DR program, but] the EnerNOC people were very reliable and
resourceful right from the start. They clearly knew the business and the ins and
outs of demand response, as well as energy procurement, so we knew we had the
expertise we needed."

Although Bridesburg receives significant payments for their participation, the
financial upside is only one of the benefits. Bridesburg executives cite the
fact that the DR payments came without a lot of investment of the company's time
as one of the primary benefits of working with EnerNOC.

"EnerNOC DR is really almost too good to be true," said Vince Rivetti, President
of Bridesburg. "They made the whole process really easy. And in the end, we earn
significant annual payments - far beyond what we were earning with our previous
demand response provider."

In addition to the financial benefits, Bridesburg leverages its free basic
access to PowerTrak(R), EnerNOC's energy management software, to help better
manage its energy consumption at the foundry.

"In the beginning, PowerTrak helped us identify which furnaces were using the
most power, and to get a clear picture of where our energy was being used," said
Druckenmiller.

With a successful demand response partnership underway and electricity rate caps
scheduled to expire on December 31, 2009, Bridesburg turned to EnerNOC to
provide strategic advice that would enable the company to secure favorable
energy procurement contracts that align to their risk tolerance and achieve
significant savings through competitive supply contracts.

"EnerNOC came to us with a proposal that lets us pay 30 percent less than what
we were paying," explained Rivetti - savings that totaled approximately $40,000
in the first six months. "They talked to us about our business and our goals.
They looked at our current bills. And they came back with a proposal that
matched our needs and saved us a lot of money."

To read more about Bridesburg Foundry's deployment of EnerNOC services, download
the full case study at http://www.enernoc.com/resources/. For information about
your organization can benefit from EnerNOC's energy management solutions, please
visit http://www.enernoc.com/solutions/ or email info@enernoc.com.

About EnerNOC

EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions,
which include demand response services, energy efficiency, or monitoring-based
commissioning services, energy procurement services, and emissions tracking and
trading services. These solutions help optimize the balance of electric supply
and demand, provide cost-efficient alternatives to traditional power generation,
transmission, and distribution resources, and drive significant cost-savings for
its customers. The Company uses its Network Operations Center, or NOC, and
PowerTrak(R) enterprise software platform to remotely manage and reduce
electricity consumption across a growing network of commercial, institutional,
and industrial customer sites, making demand response capacity available to grid
operators and utilities on demand while helping end-users of electricity achieve
energy savings, environmental benefits, and improved financial results. For more
information visit www.enernoc.com.

The EnerNOC, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5804

Safe Harbor Statement

Statements in this press release regarding management's future expectations,
beliefs, intentions, goals, strategies, plans or prospects, including, without
limitation, statements relating to the future growth and success of the
Company's demand response and energy management solutions and the ability of
EnerNOC's customers to derive benefits from such solutions, may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be identified by
terminology such as "anticipate," "believe," "could," "could increase the
likelihood," "estimate," "expect," "intend," "is planned," "may," "should,"
"will," "will enable," "would be expected," "look forward," "may provide,"
"would" or similar terms, variations of such terms or the negative of those
terms. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors including those risks, uncertainties and factors
referred to under the section "Risk Factors" in EnerNOC's most recent Annual
Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as
other documents that may be filed by EnerNOC from time to time with the
Securities and Exchange Commission. As a result of such risks, uncertainties and
factors, EnerNOC's actual results may differ materially from any future results,
performance or achievements discussed in or implied by the forward-looking
statements contained herein. EnerNOC is providing the information in this press
release as of this date and assumes no obligations to update the information
included in this press release or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

-0-
CONTACT: EnerNOC, Inc.
         Media Relations:
         Sarah McAuley
           (617) 532.8195
           news@enernoc.com
         Investor Relations:
         Will Lyons
           (617) 532.8104
           ir@enernoc.com

 

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